Bloomberg Surveillance 06/28/2024

00:00:00 Bloomberg Surveillance
00:10:26 Terry Haines, Pangea Policy
00:18:22 Julian Emanuel, Evercore ISI
00:30:28 Poonam Goyal, Bloomberg Intelligence
00:39:58 Lindsey Piegza, Stifel Nicolaus & Co
00:55:19 Libby Cantrill, PIMCO
01:08:17 Bob Doll, Crossmark Global Investments
01:19:57 David Malpass, The World Bank
01:32:45 Michael Kushma, Morgan Stanley Investment Management
01:43:07 Liz Ann Sonders, Charles Schwab
01:54:32 Aneesha Sherman, AB Bernstein
02:08:31 Mohamed El-Erian, Queens College Cambridge
02:21:24 Mohamed El-Erian, Queens College Cambridge & Torsten Slok, Apollo Management
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[davidbeckwith]

@2:21:27 EVERYTHING Torsten Slok, Apollo said. EVERYTHING. It is uncanny to think that anyone could disagree with such a clean multi-pronged argument = "Economy doing well... Steady growth for the next several quarters." There is simply ZERO reason for the FED to act, especially when we have a busy bustling summer travel season with an Apple AI rollout in September.
I must say, I have the deepest respect and admiration for Mohamed El-Erian, but in this instance (the debate over FED rate CUTs), he is downright WRONG! And he's been WRONG for OVER A YEAR! Perhaps it is simply too much to ask for a man of his stature, to stop doubling down on the same 'broken clock' WRONG argument he's had for OVER A YEAR, eat a little crow, and join the Slok/patient FED camp.
Perhaps after this blistering record summer economic BOOM, coupled with the Apple new product launch in September, he will finally see the light. Sometimes being patient and doing nothing (like the FED is doing now in this 'goldilocks' economy) is the best policy.

[aleencampmell]

Only the Creator don't make mistakes. .
Mankind is too quick to put down there own flesh.
Only the Creator can provide for the whole world.
Up till mankind do know how to love

[bingoSK]

Markets barely moved after the debate because the Market is not, and never have been, Biden-friendly. All the trading chat groups I have been member of have been talking about Biden's dementia for years... This is another example of mainstream media being late to the game.

[nygariottley]

Can't wait for the "All In Podcast"..

[davidbeckwith]

Please Torsten, keep doing what you are doing, don't back down. You have the TRUTH on your side. The only reason all these Wall Street players aren't on your side is because they are junkies going through cheap money withdrawal. Sensibility has been replaced with wishful thinking... and oh those cravings.

[kristyn]

David Malpass is really disappointing for someone who presumably is on to give economic analysis. It’s like the most basic “duh” statements with no supporting rationale or real analysis - it’s like the opinion column. Can’t believe that guy was WBP

[jasonyuan-cwxe]

LOL.... which one is more closer to nursing home status

[joshw]

still crapping on about russian hackers, omg lol

[gainer]

25 % increase in EV sales in 1st quarter 2024 over 2023. FSRNQ.. Fisker rising 8 % Today... Polestar...Frey....Zapp... Lillium Evtol Jets and more. The Future is Electric Globally.

[Daniel-irki]

In the 2020 election, Biden ran on being a 1 term president because of his age. What happened to that?

[payroll]

We need a president who is not interest in the golf pitch but in the tennis oval.

[stevesarich]

He has Parkinsons....he has all they symptoms. It's not going to go away. I will only get worse.

[bitcointhug]

lol… now the cats out of the bag? Gtfo

[AndreiGrigoriev-rmin]

БРИКС товарооборат в нац валютах клево, но в России вырасла денежная масса юаней и рупий "Планетарий" валюта БРИКС реал !?

[DeSoccerRefMan]

I hope Biden stays in the race. That way we will be free of him and his left-handed hatchet lady one and for all in November

[bonbonjovi]

Biden just needs to step down and let Gavin Newsome run for president. He is doing a good job running California, and I am sure he will do a good job as a president.